Our cryptocurrency lawyers are licensed across the country and are able to provide both the local regulatory support and the broad corporate guidance cryptocurrency businesses need to succeed. In addition to our cryptocurrency and Bitcoin lawyers’ experience in the cryptocurrency space, LawTrades attorneys are available to help with corporate law, intellectual property, commercial litigation, regulatory compliance, SEC and finance cryptocurrency regulations, tax law, employment law, and international law.

Because cryptocurrencies are so innovative, they continue to defy traditional legal categories and definitions since the advent of Bitcoin. So it is imperative for cryptocurrency startups to consult the legal expertise of the attorneys who are helping to shape the new legal framework for cryptocurrencies and are actively up to date on all of the relevant case law where much of the regulatory policy for these digital currencies is being written. Our attorneys can also help cryptocurrency startups with the implementation of SEC compliant initial coin offerings (ICOs).

Popular Projects
ICOs – Initial Coin Offerings

Initial Coin Offerings are a modern fundraising tool that allows selling tokens for nascent cryptocurrencies. They’re now widely used by blockchain startup companies as a mean of raising capital. As a rule, ICO campaigns are started before the release of a new coin and typically range between $5,000 and $10,000. LawTrades has multiple cryptocurrency attorneys with ICO experience.

Smart Contracts

Smart contracts are the programs that encourage and execute the purchasing agreement between the sides of sales by means of blockchain technology. These contracts are also defined as self-executing, as their workflow is predefined by the block of code. Their main goal lies in enabling two parties to trade and carry on business on the Internet without a third party, in most cases anonymously. An ICO lawyer or cryptocurrency lawyer on LawTrades can usually assist with smart contracts beginning at $500, but can go as high as many thousands.

Federal and State Regulation

Regulation may be by specific digital currency statute or cryptocurrency regulation, under existing money transmitter law and by court cases. In addition to the Federal and different state rules in this area, we also have to consider two main levels of regulatory approach: statutes/regulations and court interpretation.

Taxation

Digital currencies have characteristics of traditional tax haven jurisdictions: earnings are not reported to the IRS and users are provided some level of anonymity. Unlike traditional tax havens, however, digital currencies are able to operate without involving a financial institution.

Securities Regulation

Securities regulation focuses on two different legal issues involving cryptocurrencies — investments purchased with Bitcoins and investing in Bitcoins. The SEC has been active in investigating issues related to Bitcoins and has published an investor alert on Bitcoin and other virtual currency-related investments.

The Benefits
Stay compliant

Most cryptocurrency startups are founded by incredibly talented computer programmers and business entrepreneurs. Ultimately they aren’t getting into the software or marketing industry, but into the heavy-handed regulatory environment of the finance industry where they will need specialized legal help to succeed.

Gain a fresh perspective

Should your company be formed as an LLC? How about a Delaware C-Corp? An experienced cryptocurrency lawyer will consider your goals and lead you down the best route for your business.

Be prepared

Cryptocurrency lawyers and ICO lawyers who assist your startup in its early stages can steer you away from obstacles and dead ends early on, and will have a greater familiarity of your company and its needs in the future, rather than a random lawyer you’re forced to hire when something goes wrong.

FAQ

What’s the legal difference between cryptocurrency, bitcoin, and blockchains?

The blockchain is acknowledged by law as what it is – a remarkable implementation of computer software with unique and useful properties. Some of these properties lend the blockchain to challenging legal questions such as in jurisdictional law. Bitcoin and cryptocurrencies are classified as virtual currencies and subject to tax law, securities regulation, and Financial Criminal Enforcement Network regulations.

What services are offered by LawTrades cryptocurrency business lawyers?

Common projects performed by our virtual currency lawyers include business formation, securing permits and licenses, registering trademarks and patents, drafting and reviewing business contracts, assisting with rounds of fundraising including ICOs, implementing website agreements and privacy policies, sorting through tax issues, and helping with securities law. We have cryptocurrency lawyers with experience doing everything above and much more.

Why shouldn’t I just research the law and do it myself?

You could but you’re exposing yourself to major risk. Financial law is complicated and cryptocurrency lawyers spend years and countless dollars in law school, then do their journaling, then work for law firms learning the law inside and out. Hiring a professional will undoubtedly save you a lot of time and money.

Can I use free legal templates available online instead of hiring a lawyer?

You could go that route, but again you’re exposing yourself to risk. Those sites certainly have limitations, largely in that their forms are standardized and may leave out important details specific to your company. This is particular try for companies in the cryptocurrency space. Most of the contracts you’ll need are highly specialized so it will require a cryptocurrency lawyer who has the requisite experience to draft an ironclad agreement.

Does LawTrades accept payment in Bitcoin?

Not at this time, but hopefully soon! However, we do have a series of payment options available to our customers.

Reviews

Daniel, H. | ★★★★★

“Simple and trustworthy system. The project manager through text message is a good idea and helps a lot with the process, especially their timely response.”

Rafael, R. | ★★★★★

“I was very comfortable with the environment it was my first meeting and I knew it was on the right track I did understand my lawyer I was listening I did absorb the information given to me.”

Ori, A. | ★★★★★

“Great experience all around, LawTrades was just so much more personal and much better than other startup/online on-demand solutions for legal work,. Almost feels like I handpicked and hired the attorney myself. The Attorney was available to answer questions by phone or text message, so was the LawTrades rep who set the whole thing up. And when setting up new entities you always have questions, so this was a big deal for me. The Attorney assigned to my project was available on demand to help out explain things every step of the way and I think the guys at LawTrades have done a great job with making you feel extremely comfortable. After all was done I even got an email and a call from one of the co founders of the company to make sure I had a seamless experience. I never got a call from other companies I had used in the past like Legal zoom and the whole thing always felt so automated. Yes, granted Legal zoom probably have way more clients than Lawtrades and as such would not be feasible for their management to call everyone, however, that was a nice touch which I do appreciate. I will definitely be heading back to Lawtrades whenever I require legal assistance.”

Tamas, P. | ★★★★★

“Price. I know what I am paying instead of getting surprised. Transparent pricing I know what each bit costs instead of getting a big bill and not knowing what parts cost what and how much was for service vs hard fees such as filing fees. Also things progressed rapidly.”

Yash, P. | ★★★★★

“Amazing service, i cant get over texting to get a lawyer. it’s revolutionary and can legitimately improve the US justice system for people with no access to quality lawyers.”

Janet, S. | ★★★★★

“Quick and easy, I used LawTrades and worked with attorney Jonathan Hood to review a NDA. I got my questions answered right away. Arman was a great help making the connection. Would highly recommend the service.”